Northern California Scheduled & Contracted Passenger Transportation Business
|Gross Revenue:||2015 est. $4,500,000|
|Cash Flow:||2015 est. $ 900,000|
Northern California scheduled specialty passenger shuttle service has maintained profitability for 30+ years. The company is market leader and has largest market share. The company achieves this position by maintaining a reputation among their customers by understanding their needs and delivers. Also, the company has produced sales volume and a business model that makes it difficult for new competition to enter their space.
In the third quarter of 2015 the largest account of many years was dropped by mutual agreement because client could not get a price increase approved that was necessary to maintain desired profitability. This client was also requiring certain ridership requirements that were not consistent with the company model for fleet utilization requirements for profitability.
The top five customers produce about 43% of annual sales. All customers have received some price increase and some will receive incremental increases during Q1 to insure profit goals are maintained. Company has strong loyalty from national and international customers who themselves are 200 million to 2 billion in annual revenue. In a transportation segment estimated to have about 20,000 operators and 2 billion in revenue (LCT Magazine), industry experts estimate less than 100 operators nationally provide this company’s unique services.
Absentee owner explains that it is his seasoned operations management team and office staff that allows him to be on site only one or two days each week.
Seller is second generation and is interested in new exciting and challenging opportunities. New Owner with energy might want to diversify or expand to other cities. Newer technology could make the business more efficient and reduce expenses.
|Seller Financing:||Avaiilable to qualified buyers.|
|Reason For Selling:||
Other business ventures.
Seller owns facility but is not included in sale. Seller will entertain offers or possible lease to new owner.